TravelSky Technology Limited (TVL) - Net Assets
Based on the latest financial reports, TravelSky Technology Limited (TVL) has net assets worth €24.63 Billion EUR (≈ $28.79 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€33.19 Billion ≈ $38.80 Billion USD) and total liabilities (€8.57 Billion ≈ $10.01 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TravelSky Technology Limited tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €24.63 Billion |
| % of Total Assets | 74.19% |
| Annual Growth Rate | 8.45% |
| 5-Year Change | 28.06% |
| 10-Year Change | 73.85% |
| Growth Volatility | 5.36 |
TravelSky Technology Limited - Net Assets Trend (2013–2025)
This chart illustrates how TravelSky Technology Limited's net assets have evolved over time, based on quarterly financial data. See TravelSky Technology Limited (TVL) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for TravelSky Technology Limited (2013–2025)
The table below shows the annual net assets of TravelSky Technology Limited from 2013 to 2025. For live valuation and market cap data, see TravelSky Technology Limited (TVL) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €24.63 Billion ≈ $28.79 Billion |
+7.55% |
| 2024-12-31 | €22.90 Billion ≈ $26.77 Billion |
+8.94% |
| 2023-12-31 | €21.02 Billion ≈ $24.57 Billion |
+6.47% |
| 2022-12-31 | €19.74 Billion ≈ $23.08 Billion |
+2.66% |
| 2021-12-31 | €19.23 Billion ≈ $22.48 Billion |
+2.46% |
| 2020-12-31 | €18.77 Billion ≈ $21.94 Billion |
-2.42% |
| 2019-12-31 | €19.23 Billion ≈ $22.49 Billion |
+10.36% |
| 2018-12-31 | €17.43 Billion ≈ $20.37 Billion |
+9.88% |
| 2017-12-31 | €15.86 Billion ≈ $18.54 Billion |
+11.97% |
| 2016-12-31 | €14.16 Billion ≈ $16.56 Billion |
+16.29% |
| 2015-12-31 | €12.18 Billion ≈ $14.24 Billion |
+15.17% |
| 2014-12-31 | €10.58 Billion ≈ $12.36 Billion |
+13.72% |
| 2013-12-31 | €9.30 Billion ≈ $10.87 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to TravelSky Technology Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 215.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €14.77 Billion | 61.57% |
| Other Components | €9.22 Billion | 38.43% |
| Total Equity | €23.98 Billion | 100.00% |
TravelSky Technology Limited Competitors by Market Cap
The table below lists competitors of TravelSky Technology Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aerospace Cf
SHG:600855
|
$1.01 Billion |
|
Guangzhou Guangri Stock Co Ltd
SHG:600894
|
$1.01 Billion |
|
SmartStop Self Storage REIT, Inc.
NYSE:SMA
|
$1.01 Billion |
|
Evolv Technologies Holdings Inc
NASDAQ:EVLV
|
$1.01 Billion |
|
Power Generation Corp 3
VN:PGV
|
$1.01 Billion |
|
Varroc Engineering Limited
NSE:VARROC
|
$1.01 Billion |
|
Retail Estates - Sicafi
BR:RET
|
$1.01 Billion |
|
NorthWest Healthcare Properties Real Estate Investment Trust
TO:NWH-UN
|
$1.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TravelSky Technology Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 22,304,829,222 to 23,983,764,110, a change of 1,678,934,888 (7.5%).
- Net income of 2,341,561,691 contributed positively to equity growth.
- Dividend payments of 744,218,134 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.34 Billion | +9.76% |
| Dividends Paid | €744.22 Million | -3.1% |
| Other Changes | €81.59 Million | +0.34% |
| Total Change | €- | 7.53% |
Book Value vs Market Value Analysis
This analysis compares TravelSky Technology Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.11x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €5.27 | €0.93 | x |
| 2018-12-31 | €5.81 | €0.93 | x |
| 2019-12-31 | €6.42 | €0.93 | x |
| 2020-12-31 | €6.25 | €0.93 | x |
| 2021-12-31 | €6.41 | €0.93 | x |
| 2022-12-31 | €6.57 | €0.93 | x |
| 2023-12-31 | €7.00 | €0.93 | x |
| 2024-12-31 | €7.62 | €0.93 | x |
| 2025-12-31 | €8.20 | €0.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TravelSky Technology Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.76%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.71%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.38x
- Recent ROE (9.76%) is below the historical average (10.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 13.28% | 26.74% | 0.40x | 1.23x | €297.96 Million |
| 2014 | 16.02% | 30.97% | 0.42x | 1.23x | €620.73 Million |
| 2015 | 16.15% | 34.99% | 0.37x | 1.25x | €729.33 Million |
| 2016 | 17.56% | 38.90% | 0.34x | 1.32x | €1.04 Billion |
| 2017 | 14.58% | 33.39% | 0.33x | 1.33x | €706.09 Million |
| 2018 | 13.67% | 31.12% | 0.34x | 1.30x | €624.07 Million |
| 2019 | 13.54% | 31.31% | 0.34x | 1.26x | €665.14 Million |
| 2020 | 1.98% | 6.61% | 0.24x | 1.24x | €-1.47 Billion |
| 2021 | 2.94% | 10.07% | 0.23x | 1.29x | €-1.32 Billion |
| 2022 | 3.26% | 12.04% | 0.21x | 1.31x | €-1.30 Billion |
| 2023 | 6.83% | 20.03% | 0.25x | 1.34x | €-648.16 Million |
| 2024 | 9.30% | 23.51% | 0.30x | 1.33x | €-156.21 Million |
| 2025 | 9.76% | 26.71% | 0.26x | 1.38x | €-56.81 Million |
Industry Comparison
This section compares TravelSky Technology Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $264,160,772
- Average return on equity (ROE) among peers: -7.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TravelSky Technology Limited (TVL) | €24.63 Billion | 13.28% | 0.35x | $1.01 Billion |
| CLPS INC. DL-0001 (1UK) | $67.80 Million | 6.57% | 0.50x | $22.08 Million |
| Globant SA (2G2) | $160.19 Million | 19.76% | 0.39x | $1.50 Billion |
| Solutions 30 SE (30L3) | $108.10 Million | -14.62% | 5.56x | $64.24 Million |
| Genpact Limited (35G) | $1.83 Billion | 16.81% | 1.66x | $4.90 Billion |
| NANOSPHERE (3NS) | $-1.44 Million | 0.00% | 0.00x | $1.14 Million |
| BIT MINING C.A SP.ADR 100 (50C0) | $25.13 Million | -114.24% | 1.89x | $13.76 Million |
| WISE PLC SPONS.ADR/1 (6WS0) | $409.20 Million | 8.04% | 17.49x | $9.95 Billion |
| GS TECHS LTD (DI) (6Y3) | $8.45 Million | -25.99% | 4.57x | $1.16 Million |
| CPT GLOBAL LTD (714) | $5.63 Million | 26.15% | 1.60x | $1.80 Million |
| PASSUS S.A. ZY-1 (71X) | $24.32 Million | 6.67% | 2.00x | $44.40 Million |
About TravelSky Technology Limited
TravelSky Technology Limited, together with its subsidiaries, provides information technology (IT) solutions for the aviation and travel industries in the People's Republic of China. The company offers aviation IT services comprising electronic travel distribution services, including inventory control and computer reservation systems; airport passenger processing system services; and other extend… Read more